VF (NYSE:VFC) Earns Market Perform Rating from Telsey Advisory Group

VF (NYSE:VFC - Get Free Report)'s stock had its "market perform" rating reaffirmed by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $17.00 price target on the textile maker's stock. Telsey Advisory Group's price objective indicates a potential upside of 35.08% from the stock's current price.

Other analysts also recently issued research reports about the stock. Robert W. Baird raised their price target on shares of VF from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. UBS Group lifted their target price on shares of VF from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday. Stifel Nicolaus lowered their price target on VF from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Barclays cut their price objective on VF from $34.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, Needham & Company LLC restated a "buy" rating and set a $28.00 price target on shares of VF in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, VF has a consensus rating of "Hold" and an average target price of $19.35.

VF Stock Performance

Shares of NYSE:VFC opened at $12.59 on Wednesday. VF has a 12 month low of $9.41 and a 12 month high of $29.02. The company has a market cap of $4.90 billion, a price-to-earnings ratio of -10.51, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The company has a 50-day moving average price of $13.29 and a 200-day moving average price of $19.23.

VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the prior year, the business earned ($0.32) earnings per share. The business's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts anticipate that VF will post 0.73 EPS for the current year.

Institutional Investors Weigh In On VF

Hedge funds have recently made changes to their positions in the company. CKW Financial Group raised its holdings in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after acquiring an additional 500 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of VF in the 1st quarter valued at about $350,000. Entropy Technologies LP bought a new position in shares of VF during the first quarter valued at approximately $749,000. Amalgamated Bank increased its holdings in VF by 46.2% during the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after buying an additional 48,151 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in VF by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock worth $4,306,000 after buying an additional 27,727 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.

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